Since a budget is essentially a financial plan, it is sometimes necessary to modify the budget to match actual expenses and revenues. The table below shows the modifications made to the budget for Fiscal Year 2018.
Changes in Highway Taxes, Building Permits, and Street Improvement Fees were a function of increased growth in the community above the estimated budget.
The Sale of Cemetery Lots, and Capital Improvement Fee revenue increases are attributed to increased sales of cemetery plots.
The Interfund Loan Proceeds revenue was an interfund loan between the Natural Gas Fund and the General Fund to finance the costs of new equipment (grader, 2 backhoes).
Contributions from Fund Surplus increased as departments saved funds from the fiscal year and are opting to transfer those savings to the Capital Projects Fund for future capital expenses.
Building Inspector expense increases are also related to growth in the community.
Capital Outlay lines for Cemeteries, Parks, and Streets increased with the purchase of a grader and 2 backhoes.
The Contributions to the Capital Fund increased with increased revenues and additional savings from departments being moved into the Capital Projects Fund.
The dividend transfer budget from the Solid Waste Fund to the General Fund was off by $46 and needed to be adjusted.